Block | ForkLog

ForkLog 217 09.10.2025

Square Introduces Commission-Free Bitcoin Payments for Businesses

Financial technology service Square, a part of Block, has launched an integrated solution for payments in the leading cryptocurrency.

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ForkLog 37 24.07.2025

Jack Dorsey’s Block Joins S&P 500 and Announces Bitcoin Payments

Jack Dorsey’s company Block has launched a pilot project for real-time cryptocurrency payments within the Square app. This was announced by the firm’s executive director, Owen Jennings. boom. today we’re onboarding our first few @Square sellers for the new native bitcoin acceptance experience this is the way! — OBJ (@owenbjennings) July 22, 2025 “Today we’re […]

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ForkLog 55 28.05.2025

Jack Dorsey’s Block to Introduce Bitcoin Payments via Square

Jack Dorsey’s company Block plans to launch bitcoin payments in the Square app by 2026. Merchants will have the option to hold the digital currency or convert it to fiat in real-time. spend your bitcoin at @Square terminals. merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time. try it at […]

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ForkLog 5 11.04.2025

Block Fined $40 Million by NYDFS

Block, a company founded by Twitter’s Jack Dorsey, has agreed to pay $40 million to the New York State Department of Financial Services (NYDFS). An investigation revealed “critical gaps” in the company’s anti-money laundering (AML) system, according to an NYDFS press release. The company failed to implement adequate controls to prevent financial crimes and did […]

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ForkLog 20 27.02.2025

Bitkey Wallet Introduces Bitcoin Inheritance Feature

Jack Dorsey’s company, Block, has introduced a cryptocurrency inheritance feature in the Bitkey hardware wallet. Planning for the future of your bitcoin? Pass it on with Bitkey’s new inheritance feature. It’s built directly into the Bitkey wallet to make transferring your bitcoin to loved ones simple and secure. — Simple setup, no bitcoin experience required— […]

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ForkLog 10 26.02.2025

Jack Dorsey’s Block to Contest NYDFS Allegations on AML Programs

Jack Dorsey’s payment company Block is in discussions with the NYDFS, including addressing concerns related to the Bank Secrecy Act and anti-money laundering (AML) programs. This was stated in a statement dated February 24. According to the document, in January, the regulator proposed settlement terms, and the details are currently under discussion. The exact settlement […]

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ForkLog 23 02.08.2024

Bitfarms Faces Challenges with Bitmain Bitcoin Miners

In July, the mining firm Bitfarms failed to achieve its target hash rate of 12 EH/s due to performance issues with approximately 3,000 new Antminer T21 units from Bitmain. #Bitfarms Provides July 2024 Production and Operations Update — Earned 253 BTC in July 2024— 24.6 BTC/average EH/s— Added 111 BTC, bringing Treasury to 1,016 BTC— […]

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ForkLog 19 12.07.2024

Core Scientific and Block’s $300 Million Deal for Bitcoin Mining Chips

The transaction for Core Scientific’s acquisition of 3-nanometer chips for bitcoin mining from Jack Dorsey’s Block is estimated to be around $300 million, according to analysts from Bernstein, as reported by The Block. On July 10, the companies announced a partnership to develop a cryptocurrency mining device based on a chip created by the Proto […]

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ForkLog 11 11.07.2024

Core Scientific to Acquire 3nm Bitcoin Mining Chips from Block

Mining firm Core Scientific will be the first to purchase 3nm chips for bitcoin mining from Jack Dorsey’s Block. The deal’s hash rate context amounts to 15 EH/s. Today, Core Scientific and @blocks announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to […]

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ForkLog 8 03.05.2024

Block to Allocate 10% of Profits for Bitcoin Purchases Until Year-End

Jack Dorsey’s payment company Block has initiated the use of 10% of its monthly gross profit related to bitcoin for acquiring additional coins. This practice will extend through the end of 2024. The firm is implementing a dollar-cost averaging strategy. In the first quarter, Block’s gross profit from bitcoin sales amounted to $80 million (+59% […]

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ForkLog 43 02.05.2024

US Prosecutors Investigate Jack Dorsey’s Square and Cash App for Suspicious Crypto Transactions

The US federal prosecutors are scrutinising the financial operations of the cryptocurrency divisions of Jack Dorsey’s company, Block, for compliance with regulations. This was reported by NBC News, citing sources. According to these sources, the divisions Square and Cash App are suspected of long-standing and widespread compliance procedure violations, which allegedly allowed the companies to […]

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ForkLog 9 24.04.2024

Jack Dorsey’s Block Develops Bitcoin Mining Chip

Jack Dorsey’s payment company, Block, has completed the development of a 3-nm chip for mining the leading cryptocurrency. we’re building a mining rig https://t.co/IKOQHNSHgO — jack (@jack) April 23, 2024 In May 2023, the firm announced the creation of a prototype ASIC for bitcoin mining based on a 5-nm process. According to the statement, in […]

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